SEC Form 4 · accession 0001127602-16-044937
FIRSTENERGY CORP · FE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Dowling
Officer — Sr VP, External Affairs
Period of report
Mar 1, 2016
Accepted (ET)
Mar 3, 2016 · 7:35 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001031296
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Mar 1, 2016 | M | 10,699 | — | A | 23,987 | D | |
| Common StockF1,F3 | Mar 1, 2016 | F | 3,542 | $33.535 | D | 20,445 | D | |
| Common StockF4,F2,F3 | Mar 1, 2016 | M | 182 | — | A | 20,627 | D | |
| Common StockF5,F3 | Mar 1, 2016 | D | 15 | $33.45 | D | 20,612 | D | |
| Common StockF4,F3 | Mar 1, 2016 | F | 48 | $33.45 | D | 20,564 | D | |
| Common StockF6 | holding | — | — | — | 1,894 | I | By Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RSUP18F2,F1 | — | Mar 1, 2016 | M | 10,699 | D | — | — | Common Stock | 10,699 | 0 | D |
| Phantom 3/13DF4,F2 | — | Mar 1, 2016 | M | 182 | D | Mar 1, 2016 | Mar 1, 2016 | Common Stock | 182 | 0 | D |
| Phantom / RetirementF8,F2,F7 | — | holding | — | — | — | — | — | Common Stock | 406 | 406 | D |
| Phantom 3/16DF2,F7 | — | holding | — | — | — | — | — | Common Stock | 1,827 | 1,827 | D |
Explanation of responses
- F1The amount listed in Table II represents the vesting of the RSUP18 award. The award vested on March 1, 2016 and because the performance targets were achieved, the award was paid out at a performance rate of 150%. The shares coded "F" were withheld to cover income tax obligations associated with the payout.
- F21 for 1
- F3Balance includes shares acquired through dividend reinvestment.
- F4This transaction reflects the conversion of stock units originally deferred for three years and dividend equivalents accrued during that time, and credited to the Executive Deferred Compensation Plan's Phantom 3/13d stock account, to directly held common stock. Units were withheld to cover income tax obligations.
- F5Dividend equivalents that accrue after January 1, 2014 on shares held in the Phantom 3/13d account are paid in cash under the terms of the Executive Deferred Compensation Plan.
- F6FE's 401(k) Plan includes a unitized fund invested in FE stock, in which the reporting person may invest, and includes dividend reinvestment and company match features. The number of shares reported as indirectly held in the 401(k) Plan in this row is an estimate of the number of shares of FE's common stock held in the unitized stock fund and allocated to the reporting person's account as of December 31, 2015.
- F7This holding reflects amounts payable upon retirement or other termination of employment under arrangements approved by the Compensation Committee.
- F8Includes stock units acquired through dividend reinvestment.